Latest Pharmaceutical manufacturing News

Democratic hopefuls take aim at insurer and pharma profits

Aug. 11, 2019 7:42 AM EDT

WASHINGTON (AP) — Sen. Bernie Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under "Medicare for All." Their idea: Health care dollars from government...

A Virginia man died after taking a cheaper form of insulin

Aug. 10, 2019 9:01 AM EDT

LEESBURG, Va. (AP) — Josh Wilkerson was alone, in sleeping quarters above the Northern Virginia dog kennel where he worked, when he suffered a series of strokes that would prove fatal. He had aged out of his stepfather's health insurance plan on his 26th birthday and eventually switched to over-the-counter...

Asian shares mostly lower after China stabilizes currency

Aug. 6, 2019 11:19 PM EDT

TOKYO (AP) — Asian shares were mostly lower Wednesday as markets calmed after China's decision to stabilize its currency. Japan's benchmark Nikkei 225 dipped 0.8% to 20,421.93. Australia's S&P/ASX 200 added 0.3% to 6,497.60 in morning trading. South Korea' Kospi slipped 0.2% to 1,913.43. Hong Kong's...

FDA says Novartis withheld data problem before drug approval

Aug. 6, 2019 6:52 PM EDT

TRENTON, N.J. (AP) — U.S. regulators want to know why Novartis didn't disclose a problem with testing data until after the Swiss drugmaker's $2.1 million gene therapy was approved. The Food and Drug Administration said Tuesday the manipulated data involved testing in animals, not patients, and it's...

Business Highlights

Aug. 6, 2019 5:15 PM EDT

___ A heightened US-China financial war imperils global economy WASHINGTON (AP) — Just what the fragile global economy didn't need: An unpredictable escalation in President Donald Trump's trade war with China, one that spreads the conflict to currency markets, threatens to involve other countries and...

Correction: Mylan-Pfizer story

Aug. 6, 2019 12:43 PM EDT

In a story July 29 about Pfizer and Mylan, The Associated Press erroneously described the drug Effexor. It is used to treat depression, not severe heartburn. A corrected version of the story is below: Pfizer, Mylan strengthen ties, create new company Pfizer, strengthening ties to Mylan, will pair its off-patent...

103-year-old ex-chemist to be honored for work on penicillin

Aug. 3, 2019 10:28 AM EDT

COLUMBUS, Ohio (AP) — The story is family lore. In 1942, chemist Robert Walton, then in his late 20s, was drafted following the attacks on Pearl Harbor and boarded a bus in Rahway, New Jersey, for basic training at Fort Dix. His journey lasted only a few miles (kilometers) when FBI agents boarded the bus...

Western sanctions push war-weary Syrians deeper into poverty

Aug. 2, 2019 5:26 AM EDT

DAMASCUS, Syria (AP) — Mohammed Haji Abed drives his yellow taxi through the busy streets of the Syrian capital for about 12 hours a day, toiling in the sweltering summer heat but earning barely enough for his family of five to get by. It was easier for him to make ends meet at the height of his country's...

Minnesotans question, praise Trump drug import plan

Aug. 1, 2019 5:32 PM EDT

MINNEAPOLIS (AP) — Minnesota residents and lawmakers are praising and questioning the Trump administration's plan to allow the importation of cheaper prescription drugs from Canada, signaling a continuing divide over high prices for life-sustaining medications. The proposal announced Wednesday would enable...

Health insurers experience July heatwave

Aug. 1, 2019 3:32 PM EDT

Health insurer stocks heated up in July. UnitedHealth Group, Anthem and several other insurers outpaced the broader market in what has been an otherwise choppy year for the industry. The industry is also holding up surprisingly well during the most recent round of corporate earnings. It is showing solid profit...